Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31music preparation22022-09-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04467632 2022-09-01 2023-08-31 04467632 2021-09-01 2022-08-31 04467632 2023-08-31 04467632 2022-08-31 04467632 c:Director1 2022-09-01 2023-08-31 04467632 d:OfficeEquipment 2022-09-01 2023-08-31 04467632 d:OfficeEquipment 2023-08-31 04467632 d:OfficeEquipment 2022-08-31 04467632 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04467632 d:Goodwill 2022-09-01 2023-08-31 04467632 d:Goodwill 2023-08-31 04467632 d:Goodwill 2022-08-31 04467632 d:CurrentFinancialInstruments 2023-08-31 04467632 d:CurrentFinancialInstruments 2022-08-31 04467632 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04467632 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04467632 d:ShareCapital 2023-08-31 04467632 d:ShareCapital 2022-08-31 04467632 d:RetainedEarningsAccumulatedLosses 2023-08-31 04467632 d:RetainedEarningsAccumulatedLosses 2022-08-31 04467632 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 04467632 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 04467632 c:FRS102 2022-09-01 2023-08-31 04467632 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04467632 c:AbridgedAccounts 2022-09-01 2023-08-31 04467632 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 04467632









ANN BARNARD LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023


 
ANN BARNARD LIMITED
REGISTERED NUMBER:04467632

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,080
4,107

  
3,080
4,107

Current assets
  

Debtors
 6 
4,800
11,334

Cash at bank and in hand
 7 
120,537
71,107

  
125,337
82,441

Creditors: amounts falling due within one year
 8 
(78,172)
(46,724)

Net current assets
  
 
 
47,165
 
 
35,717

Total assets less current liabilities
  
50,245
39,824

Net assets
  
50,245
39,824


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50,145
39,724

Shareholders' funds
  
50,245
39,824


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2024.



Mrs M A Walker
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 1


 
ANN BARNARD LIMITED
REGISTERED NUMBER:04467632
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023


Page 2


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares. The registered office is located at Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA. 
The Company's principal activity continues to be that of music preparation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in
Page 5


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
15,000



At 31 August 2023

15,000



Amortisation


At 1 September 2022
15,000



At 31 August 2023

15,000



Net book value



At 31 August 2023
-



At 31 August 2022
-



Page 6


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2022
23,241



At 31 August 2023

23,241



Depreciation


At 1 September 2022
19,134


Charge for the year on owned assets
1,027



At 31 August 2023

20,161



Net book value



At 31 August 2023
3,080



At 31 August 2022
4,107


6.


Debtors

2023
2022
£
£


Trade debtors
4,150
11,334

Other debtors
650
-

4,800
11,334



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
120,537
71,107

120,537
71,107


Page 7


 
ANN BARNARD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
164
22

Corporation tax
12,051
11,725

Other taxation and social security
13,725
5,506

Other creditors
48,624
27,293

Accruals and deferred income
3,608
2,178

78,172
46,724



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
120,537
71,107




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand. 


10.


Transactions with directors

Included in other creditors due within one year is a loan from the director, Mrs M A Walker, amounting to (£47,071) [2022 - £(24,300)]. 


11.


Controlling party

The company was controlled throughout the current and previous period by its director, Mrs M A Walker, by virtue of the fact that she owns all of the company's ordinary issued share capital. 

 
Page 8